If you sell 1,000 tickets at $50/ticket, 2,000 tickets at $60/ticket and 2,500 tickets at $65/ticket, what percentage of the revenue are the sells from the $50 ticket?
Accepted Solution
A:
Answer:The percentage of revenue sells from the $50 ticket is 15.0375 %Step-by-step explanation:Revenue obtained by a type of ticket = amount of one ticket of that type × total numbers of tickets of that typeTherefore , Revenue obtained by $50 tickets = 1000 × 50 = 50000$ Revenue obtained by $60 tickets = 2000 × 60 = 120000$ Revenue obtained by $65 tickets = 2500 × 65 = 162500$ Total amount of revenue obtained = 50000 + 120000 + 162500 = 332500$Hence , Percentage of revenue obtained from the sells of $50 = [tex]\frac{50000}{332500}[/tex] × 100 = 15.0375 %